India launches dumping probe into copper imports from Malaysia, Thailand and Vietnam

New Delhi has launched an official investigation into imports of copper tubes and pipes that originate from Malaysia, Thailand and Vietnam. It aims to determine whether producers in those countries were receiving unfair subsidies.

According to the Indian Ministry of Commerce, the probe, which will be conducted by India’s Directorate General of Trade Remedies, could result in those imports facing countervailing duties. The inspection covers imports shipped between April 1, 2019 and March 31, 2020.

“The Authority has also received the import data of customs of the subject goods during the past four years which indicate increased imports mainly from Malaysia, Thailand and Vietnam collectively account for more than 90 percent of total imports of subject goods,” the Ministry of Commerce said. 

Also on
India seeks tighter control on imports of Chinese goods from other Asian countries

Meanwhile, the Vietnamese Ministry of Foreign Affairs told Reuters that Vietnam strictly adhered to World Trade Organization (WTO) rules.

READ MORE: India wants all the coking coal & anthracite Russia can deliver

“Trade issues between Vietnam and India should be considered objectively, fairly and transparently in accordance with WTO rules, and bilateral and multilateral trade agreements that the two countries both joined,” said a ministry spokeswoman.

For more stories on economy & finance visit RT’s business section

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button